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Variable Rate Mortgages

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GTA Homeowners are Struggling with Variable Rate Mortgages

Published: Feb 13, 2023 How should you deal with your variable rate mortgage? It’s no secret GTA homeowners who have ...
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Bank of Canada Rate Hike Announcement

Bank of Canada Rate Hike Announcement

After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is ...
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Should I Convert My Variable Rate Mortgage to Fixed?

Should I Convert My Variable Rate Mortgage to Fixed?

Homeowners near our Richmond Hill, Mississauga, Toronto locations with variable interest rate mortgages watched in dismay as the Bank of ...
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Bank of Canada Rate Hike Announcement
Bank of Canada Rate Hike Announcement
After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is the full fallout of the latest rate hike: ...
Read More
Mortgage Stress test - Everything you need to know and more
Mortgage Stress test – Everything you need to know and more
Much has changed since this article was first published back in 2018. The mortgage stress test is not a foreign concept to homeowners and homebuyers now.

But it HAS CHANGED ...
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When Do You Need a Co-Signer For Your Mortgage?
When Do You Need a Co-Signer For Your Mortgage?
Mortgage qualifying rules are stricter than ever before. Mortgage rates are rising, and homes are more expensive in Canada. In this market, it's not always easy qualifying for a mortgage ...
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Bank of Canada Rate Hike Announcement
Bank of Canada Rate Hike Announcement
After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is ...
Read More
Mortgages 101 -- What You Need to Know Before Applying For a Mortgage
Mortgages 101 — What You Need to Know Before Applying For a...
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it ...
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How To Bypass Canada's Mortgage Stress Test When It Gives a False Negative
How To Bypass Canada’s Mortgage Stress Test When It Gives a...
Canada's mortgage stress test was designed to help ensure Canadians don’t overstep their financial means. However, there are special cases ...
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Recent Articles

Featured image for GTA Variable-Rate Mortgage Payments
GTA Homeowners are Struggling with Variable Rate Mortgages
Published: Feb 13, 2023 How should you deal with your variable rate mortgage? It’s no secret GTA homeowners who have a variable rate mortgage have had a miserable time of ...
Read More
what are your options for debt relief as a homeowner
When a Homeowner Has Too Many Debts
If you’re a homeowner who wants to get on top of their debts in today's market, we generally offer 3 solutions. This morning, Doug Hoyes and Ted Michalos posted a ...
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Bank of Canada Rate Hike Announcement
Bank of Canada Rate Hike Announcement
After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is the full fallout of the latest rate hike: ...
Read More
Should I Convert My Variable Rate Mortgage to Fixed?
Should I Convert My Variable Rate Mortgage to Fixed?
Homeowners near our Richmond Hill, Mississauga, Toronto locations with variable interest rate mortgages watched in dismay as the Bank of Canada increased its overnight rate for the eighth time in ...
Read More

All Articles

Bank of Canada Rate Hike Announcement
Bank of Canada Rate Hike Announcement
After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is the full fallout of ...
Read More
July 13th Bank of Canada Announcement
July 13th Bank of Canada Announcement
The Bank of Canada has increased the overnight rate by a whopping 1%, which means the chartered banks will most likely raise their Prime ...
Read More
Mortgage Stress test - Everything you need to know and more
Mortgage Stress test – Everything you need to know and more
Much has changed since this article was first published back in 2018. The mortgage stress test is not a foreign concept to homeowners and ...
Read More
8 Ways the Federal Budget 2022 Affects You
8 Ways the Federal Budget 2022 Affects You
Federal Budget 2022 - Mortgage and Real Estate Impacts. Last week’s Federal Government 2022 Budget included a much-improved roadmap for first-time homebuyers to potentially ...
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Three Ways To Beat The Mortgage Stress Test
Three Ways To Beat The Mortgage Stress Test
Updated January 27, 2023All major banks are now offering five year variable rate mortgages around six percent! And five year fixed rates are much ...
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Rate Hikes Coming - Here's What To Do
Rate Hikes Coming – Here’s What To Do
There seem to be three big things on everyone's minds these days: The incredible pace at which real estate everywhere is increasing in price.Inflation ...
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When Do You Need a Co-Signer For Your Mortgage?
When Do You Need a Co-Signer For Your Mortgage?
Mortgage qualifying rules are stricter than ever before. Mortgage rates are rising, and homes are more expensive in Canada. In this market, it's not ...
Read More
What Is The Impact Of Rising Interest Rates On Mortgage Pre-Approvals?
What Is The Impact Of Rising Interest Rates On Mortgage Pre-Appro...
With inflation in Canada at its highest levels in 18 years, talk has resumed about the prospect of higher mortgage interest rates much sooner ...
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First Time Homebuyer Mortgage Checklist
First Time Homebuyer Mortgage Checklist
When you are making plans to buy your first home, it's impossible to know what you don't know. This first time homebuyer mortgage checklist ...
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What's The Best Mortgage Rate?
What’s The Best Mortgage Rate?
Published: • Reputable mortgage specialists do not believe the number one factor in selecting a mortgage is the interest rate. Once you understand what ...
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Ready To Buy A Home? How To Assemble A Great Support Team
Ready To Buy A Home? How To Assemble A Great Support Team
Everyone needs a home-buying support team that includes a real estate agent, mortgage specialist, and real estate lawyer. As you search for the right ...
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Your Down Payment
Why You Need A Down Payment Strategy
Having the right down payment strategy can save you a lot of money in the long term, and pay back with more equity growth ...
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Mortgage Lingo You Need To Know
Mortgage Lingo You Need To Know
Glossary and explanation of important mortgage terms, with links to relevant articles that discuss the nitty gritty. Links to related concepts make this glossary ...
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Mortgage Pre-Approval FAQs
Mortgage Pre-Approval FAQs
Mortgage pre-approval is essential to knowing what your affordability range is before you make an offer to purchase a home. We explain how lenders ...
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Why Is My Mortgage Application Declined?
Why Is My Mortgage Application Declined?
Mortgage #FAILS. Learn the underwriting risk factors that lenders use when evaluating your mortgage application, and the top 10 reasons why you may not ...
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First Time Homebuyer? The Government Wants To Give You Money.
First Time Homebuyer? The Government Wants To Give You Money.
How to get your share of government financial incentives available Canadian first time homebuyers. There's lots available, but in most cases you need to ...
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High Ratio Mortgages Explained
High Ratio Mortgages Explained
'High ratio mortgage' is a term many first time homebuyers haven't heard before, and often they don't understand how much it impacts what they ...
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Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand and Costs
Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand ...
Adjusting to a post COVID-19 world, many things will be different, some permanently. We analyze how Canadian housing markets, including supply, demand and costs ...
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10 Things Feature Images
Top 10 Things Your Home Buying Budget Needs To Include (In Additi...
How Do You Ensure Your Homebuying Budget Covers Everything You'll Need For Closing Day? Buyers quickly learn it's much more than just coming with ...
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How Will Borrowers Be Impacted By CMHC's Tougher Canadian Mortgage Qualification Rules?
How Will Borrowers Be Impacted By CMHC’s Tougher Canadian M...
With a shell-shocked COVID-19 Canadian economy as backdrop, CMHC moved to tighten lending standards for insured mortgages. New rules for CMHC-insured mortgages are intended ...
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